Hey, The question is; which part of a courts decision is binding on later similar cases?
a. ratio decidendi b. ultra vires c obiter dicta d stare decisis
My answer was A. I thought ratio decidendi is the rational reason behind the court’s decision and ratio decidendi of a case binds all the lower courts on similar cases later on.
But the correct answer was B. I don’t understand why as in my knowledge the meaning of that phrase is acting beyond powers. May you help me, please?